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KN

KNOT Offshore Partners LP

KNOPEnergyNASDAQ

Oil & Gas Midstream · Last scanned Jun 1, 2026

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Financials · Annual
Revenue
$364.4M
+14.4% YoY
Net Income
$23.3M
+65.4% YoY
EBITDA
$197.0M
+3.3% YoY
Free Cash Flow
$162.3M

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About KNOT Offshore Partners LP

KNOT Offshore Partners LP, together with its subsidiaries, acquires, owns, and operates shuttle tankers in the United Kingdom and Brazil. The company carries a $380.1M market cap, placing it firmly in the small-cap category. The company loads, transports, condensates, and discharges crude oil from offshore oil field installations to onshore terminals and refineries.

Key stats
Market Cap$380.1M
P/E (TTM)32.35
Fwd P/E21.57
EPS$0.34
52W Change+73.0%
Dividend Yield1.82%
ROE3.0%
Analysis

On the balance sheet, KNOP has $92.7M in cash with $929.6M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $162.3M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 3.0%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $268.6M (2022) to $364.4M (2025), reflecting a 36% increase over the period.

KNOT Offshore Partners LP carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing KNOP.

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